AMMAN — The
Agricultural Credit Corporation (ACC) has made a significant contribution to the support and
development of Jordan's agricultural sector, according to the corporation's director-general,
Mohammed Dojan.
اضافة اعلان
The ACC, he added, is working in
partnership with government plans aimed at stimulating growth, particularly the
National Plan for Sustainable Agriculture 2022–2025.
He also highlighted the development
of a specialized lending programs that align with the National Plan's
objectives. These programs provide soft financing for "pioneering"
agricultural projects aimed at improving food security, addressing climate
change, empowering women economically, and creating permanent employment
opportunities, particularly for young people.
Loans and fundingDuring 2022, the ACC granted loans
and funding worth JD55 million, with JD26 million being interest-free and
benefiting 12,100 borrowers, according to a statement by the corporation on
Sunday.
Over the past two years, the value
of interest-free loans has amounted to JD56 million and has benefited around
16,000 borrowers, the statement added. These projects have also created around
6,000 employment opportunities, the Jordan News Agency, Petra, reported.
In addition to the lending programs,
Dojan noted that the number of loan beneficiaries has increased by 100 percent
over the past two years, demonstrating the ACC's commitment to expanding its
services and introducing new activities and agricultural areas.
Borrowers have also paid back JD50
million.
Agricultural Credit Corporation (ACC)
contributed to supporting and developing Jordan's agricultural sector in
partnership with government plans aimed to stimulate growth, especially
National Plan for Sustainable Agriculture (2022-2025), its Director General,
Mohammed Dojan, said.
According to an ACC statement issued on Sunday, Dojan referred to the
development of specialized lending programs that are in line with the plan's
axes, by providing soft financing to launch "pioneering" agricultural
projects, which aimed to improve food security, address climate change, empower
women economically, and create permanent employment opportunities, especially
for young people.
He said these programs provide concessional and subsidized financing for
agricultural and rural activities, indicating that the ACC made the
"highest" achievements during 2022.
During 2022, he said multiple loans and fundings were granted worth JD55
million, of which JD26mln were interest-free and benefited 12,100 borrowers.
During the past two years, he noted value of interest-free loans amounted to
JD56mln and benefited some 16, 000 borrowers, adding that their projects
created approximately 6,000 employment opportunities.
Meanwhile, he said borrowers paid back JD50mln.
In addition, he pointed to the increase in the number of loan beneficiaries by
100% during the past two years, which reflects ACC's desire to expand services
horizontally by introducing new activities and agricultural areas.
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